Crypto Express

06/13 03:23

Chainlink points to a correction

Chainlink points to a correction

From a technical standpoint, LINK faced back-to-back rejections at a descending trendline and the 200-day EMA.

Each rally toward these zones sparked a steep sell-off, forming a textbook series of lower highs.

This third rejection, now unfolding, aligns with historical price action. If LINK fails to flip $15.77 into support, another 10% drawdown could drag the altcoin down to $12.70.

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